Commentary and Research Papers
October 27, 2025
2025
PowerFleet trades at a significant discount to IoT peers but is a compelling growth story in a rapidly growing industry. Even if it reaches one-third of comparable valuation(s), it’s a double.
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October 23, 2025
2025
Bad weather has impacted Six Flags’ operations this year but is transitory. Underlying operations and attendance are improving. Real estate sales could start at any moment and unlock significant value.
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Commentary and Research Papers
October 20, 2025
2025
Natural gas is the main bridge fuel of the energy transition and is helping to power the birth of artificial intelligence. Pinnacle Associates Portfolio Manager George Pickral weighs in on a top stock pick in US News’ latest article.
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October 16, 2025
2025
The third quarter of 2025 delivered unexpectedly strong equity market performance. The S&P 500 Index surged to all-time highs, rebounding sharply from the volatility surrounding “Liberation Day” in April. This recovery was driven by stronger-than-anticipated corporate earnings, dovish commentary from the Federal Reserve, and mounting investor enthusiasm surrounding generative Artificial Intelligence (AI).
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October 15, 2025
2025
In September 2025, Starlink stunned the satellite world when it agreed to acquire wireless spectrum from EchoStar to expand its direct-to-cell service. This $17 billion deal (half in cash and half in parent company SpaceX stock) spurred EchoStar’s stock price to climb nearly 15 percent. In part, this was because investors were given one of the few available routes to invest in Elon Musk’s private space launch and satellite vehicle.
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October 15, 2025
2025
Equity market strength continued virtually unabated in Q3, supported by strong corporate earnings, rising expectations for a Federal Reserve rate cut (25 bp cut realized in September), and an increasing consensus that the massive AI investment boom will continue through at least 2026 without a slowdown. In a healthy indicator, market strength broadened out, as the small cap Russell 2000 Index expanded +12.4% as compared to the large cap S&P 500 +8.1%. A notable increase in corporate M&A activity was also evident, reflecting general confidence in the outlook for business activity. As for traditional market indicators, 2Q U.S. GDP growth was revised higher to a +3.8% annualized rate, with expectations for continued growth in Q3.
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